Try our mobile app

General information

Sector: Industrials

The company is not available at Interactive Brokers

Metrofile Holdings Limited (JSE:MFL) is a leading global records and information management specialist, providing clients with end-to-end solutions for the complete information management lifecycle, allowing them to extract maximum value from their information assets. With the new wave of technological change disrupting many business sectors, including records and information, Metrofile is well placed to bridge the gap between physical storage and new digital platforms.

Metrofile's operations today are international in nature with subsidiaries servicing clients of all sizes and sectors across South Africa, Botswana, Kenya, Mozambique, Zambia and the Middle East. Its four strategic pillars are:

Secure Storage

• Records storage and management, including backup and protection of active and inactive documents, images and data in physical and electronic format

• Management of the risk of loss of information

• Data capturing, enrichment and verification services

Digital services

• Evaluation and digital transformation of business processes and tools, supported by machine learning and modern visualisation

• Business outsource services: Proof of delivery processing, track and trace management, sensitive information protection, procurement tracking, claims processing, HR document management, data protection, imaging services and turnkey digitisation

• Electronic document management services: e-Tracker and dataStor

• Online backup

Business support services

Full range of business continuity and disaster recovery services, including work area recovery, records management consultancy services and confidential document destruction and recycling

Products and solutions

Comprehensive range of filing solutions ensuring access to records and information including office filing stationery, archive filing boxes, bulk filing solutions, filing cabinets, shelving and steel products and scanners

Metrofile Holdings Limited has been listed on the JSE since 1995. Metrofile is a black-owned Company with black ownership amounting to 59.57%. The largest shareholder,  is Metrofile’s empowerment partner, Mineworkers Investment Company (“MIC”).



  • Bad financial results growth rate -7.1% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.0%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 8.5% (LTM)
  • Share price is 0.4% higher than minimum and 32.1% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (4.8x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)2.48
Share price, USD: 0.1345
Common stocks: 435 483 871

Dividend Yield:  0.0%
FCF Yield LTM: 8.5%
EV / LTM EBITDA: 4.8x
Last revenue growth (y/y):  -4.5%
Last growth of EBITDA (y/y):  -9.7%
Historical revenue growth:  +4.3%
Historical growth of EBITDA:  +1.1%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 59
Net Debt ($m): 34
EV (Enterprise Value): 92
EBITDA LTM ($m): 19
EV / LTM EBITDA: 4.8x
Price to Book: 1.94x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

TechCentral Headlines

Cloud wars: AWS vs Microsoft fight is getting uglier

Amazon is the driving force behind advocacy groups working to thwart Microsoft’s plan to become a major cloud computing contractor for governments.

2023-11-17 11:01 +02:00
by Agency Staff

JSE:AVI JSE:MFL JSE:ISA

South Africa’s Metrofile takes on the cloud giants

Metrofile has launched rand-based storage, allowing companies to store large volumes of historical data at relatively low cost.

2023-10-05 10:26 +02:00
by Nkosinathi Ndlovu

JSE:JSE JSE:MFL JSE:ISA

Metrofile to buy IronTree for up to R140-million

Metrofile has agreed to buy 70% IronTree Internet Services from the founding shareholders, with the remaining tranche to be bought in 2024.

2021-10-21 12:45 +02:00
by Staff Reporter

JSE:JSE JSE:MFL JSE:ISA

Metrofile receives takeover offer

Metrofile Holdings, the JSE-listed records and storage management specialist, has received an approach from an unnamed entity that wants to acquire it.

2019-09-06 13:00 +02:00
by Duncan McLeod

JSE:JSE JSE:MFL JSE:ISA

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-07-14
Notification Of Change In External Auditor
2022-06-22
Changes To The Board Of Directors And Company Secretary
2022-06-21
Dealings in securities
2022-06-20
Dealings in securities
2022-04-11
Dealings in securities
2022-03-07
Unaudited Summarised Group Interim Results for the six months ended 31 December 2021
2021-12-15
Dealings in securities
2021-12-14
Dealings in securities
2021-12-13
Dealings in securities
2021-12-10
Dealings in securities
2021-12-08
Dealings in securities by an associate of a director
2021-11-29
Finalisation Announcement In Respect Of The Acquisition Of Irontree Internet Services
2021-11-29
Change to board committee
2021-11-29
CANCELLATION OF S454513 Change to board committee
2021-11-29
Change to board committee
2021-11-26
Dealing in securities

SENS Announcements

2024-03-26
Dealings in securities by an associate of a director
2024-03-04
Unaudited Summarised Group Interim Results for the six months ended 31 December 2023
2023-12-13
Dealings in securities by an associate of a director
2023-11-23
Results of Annual General Meeting and Notice in terms of section 45(5) of the Companies Act
2023-10-26
Notice of Annual General Meeting, availability of Integrated Annual Report and the B-BBEE Report
2023-09-29
Acceptance of conditional shares in terms of the Metrofile Holdings Limited Conditional Share Plan
2023-09-11
Annual Financial Results for the year ended 30 June 2023
2023-05-30
Changes to the board sub-committees
2023-03-06
Unaudited Summarised Group Interim Results for the six months ended 31 December 2022
2023-02-13
Voluntary announcement: Acquisition of additional shares in E-File Masters LLC
2022-11-23
Notice in terms of section 45(5)(a) of the Companies Act 71 of 2008, as amended
2022-11-22
Results of Annual General Meeting
2022-11-01
Appointment of Company Secretary
2022-10-25
No Change Statement and Notice Of Annual General Meeting
2022-09-29
Acceptance of conditional shares
2022-09-12
Annual Financial Results for the year ended 30 June 2022
2022-07-14
Notification Of Change In External Auditor
2022-06-22
Changes To The Board Of Directors And Company Secretary
2022-06-21
Dealings in securities
2022-06-20
Dealings in securities